Posts filed under ‘Special Rants’

Finding America

We are in hard times. Our economy is stagnant and beholden to offshore producers. Our money is in the hands of thugs in starched white shirts. Our Constitution is in the hands of angry men and corrupt judges. Our children are not being served with equity, and we can only promise them less than we inherited on this earth. Now we have to face injustice that does not value the lives of children of color. How can we de-escalate our struggles and find ourselves as Americans again, perhaps for the first time?

We have returned to the land of the zero-sum society. Everything I get must be taken from someone else, and everything you get has been taken from me or mine. The only business at hand is sorting “We The People” into the “Us” or “Them” columns. Then, armed to the teeth with weapons of war and misinformation, we protect ourselves and undermine them with impunity. This is NOT America.

We do not need anyone trying to take back America. It does not belong to just some of us. We need to find America in hard times and make it work for all of us. We have a constitution – giving life, liberty, and pursuit of happiness to all of our people. It is not a weapon, it is a covenant.

The flashpoint has been struck with the death of a third person of color at the hands of a white man who got away with it. We have exposed the dark underbelly of racism at the heart of our justice system. And we cannot turn away from it. Apparently we have not fully eradicated the most crucial flaw of our founding fathers…the valuing of a human being at some percentage less than 100 based on the color of his skin.

We are not at rest, and we cannot be at rest until this issue is resolved. However, we can use our humanity to set things right by coming together as people who believe in our common rights of man, or we can allow a conflict to escalate and be decided in a battle of Americans against one another.

The road to finding America lies ahead of us, and we can only come together by setting all else aside for a moment. Turn off Fox News, and that iPhone. Stop worrying about that pension fund. Put down that gun, and tell your lawyer he or she is off duty…because each of us must be stripped bare of who and what we think we are. Only then can we find our places in a fair and just society that is inclusive of all of mankind.

We can take a trip up Maslow’s hierarchy. Are we all warm, and safe, and dry? Have we all been fed? Do we have access to good work, good health, and safe travels? Can we exercise our minds, develop our talents, and take leisure with gusto? And, then, can we achieve the vision to save our world and create the constructs to realize the dreams of others as with our own.

December 4, 2014 at 8:45 AM Leave a comment

There is No Shareholder Value in a Built-to-Flip World

Paradigm shift is just another name for structural change in the marketplace. In the case of the Internet revolution, there have been seismic shifts in two out of four parts of the market at once…promotion and channels of distribution. The product and the price seem not to have been affected as much. Still, the technology upheavals have blown such a smoke-and-mirror show in the faces of the Wall Street pack that they have lost their vision for the future. A renewed interest in shareholder value is our only hope.

Flipping something in the market is fool’s gold. It is not even a zero-sum game, because as long as nothing remains in the long run except the fees paid to the brokers we will all be worse off. It triggers a slow downward spiral that cannot ever pay off in net, and, by the time anyone seems to notice it, the damages have already hit a dangerous level of acceleration.

So go the bubbles on Wall Street. Yet the world markets have been satisfied to ride the wave of a series of rising and falling tech stocks based on fads that hold the attention of the masses at any given time. “Getting” the new paradigm seems to presume that fundamentals no longer matter. Besides, no one under 30 has a prayer of a chance of connecting the words shareholder and value to anything meaningful.

The ugly secret to this game, besides its inherent uselessness, is that the only winners are insiders…not just fee-collectors, but the fund managers who have the clout to cheat and the arrogance not to care. Ironically, they are the keepers of capitalism, an economic game at which they totally suck!

Capitalism may have greed as its motivation, but it is not its own end game. And true capitalists wish to sustain themselves. Captains of industry build businesses that are meant to offer lasting shareholder value. They make real products, have a genuine competitive advantage, and reinvest profits in a research-based pipeline of next generation products to stay viable. They do not invest in 19th century work conditions in third-world countries and sit on their offshore profits while lobbying for yet another round of tax relief.

Yeah…this falls under the heading of Special Rants. I went to business school and worked in finance once upon a time. I got interested in education as a problem-solver. Yet one of the most frustrating aspects of education reform is the ability of tech toolies to continue to manipulate educators like kittens stalking a laser beam with newer and better apps while we continue to ignore our own fundamentals. Flipping through fly-by-night pedagogical tools is not reform.

Systemic change in education is not just possible, it is essential. We have the ability to use technology to eliminate obstacles to broad-based pedagogy and to inform ourselves with real data about finance, student outcomes, and educator effectiveness. Reinventing the business systems behind education can free us from the mythology that keeps educators trapped in myopic visions of success, dysfunctional management, and service to the bureaucracy instead of the mission of educational excellence.

October 25, 2014 at 10:58 AM Leave a comment

Pseudo-Capitalism…Where Money Goes to Die

Supply-side economics should have fueled a booming revitalization of our capital stock in the US. Instead the savings of a generation got invested in outsourcing, pooled in offshore profits, and used to reward 19th century working conditions in emerging producer-nations. And when too much money was still sitting around within our borders, it funded tech bubbles and financial risk games. Badly done, fiscal conservatives.

I am a fan of Occupy Wall Street. I believe that the keepers of capitalism have failed us. But I also believe that they have failed to practice capitalism. Instead of investing money in assets that create shareholder value, jobs, and an economic success cycle…Wall Street rewarded net divestiture of the of the supply function in the US. And they spent the proceeds on non-productive paper assets. This is pseudo-capitalism, where money goes to die.

Amazingly, we still have idle cash on the corporate books. We do not need more supply-side economic incentives. We won’t be fooled with that claim again. But we still have a great deal of uncertainty on 21st century capitalism. The trade deficit teaches us that we must develop our factors of production domestically. But we seem not to have a vision for private industry in the US.

As a nation, we can do almost anything well. But what can we do competitively while being clean and green and paying living wages? We really have got to figure this out.

(PS, Privatizing government services doesn’t count…might as well try paying for them with taxes on repatriated profits. And only getting a rare tax break on said profits after they turn into new industrial payroll dollars domestically.)

December 12, 2013 at 3:07 PM Leave a comment

This is NOT as Good as It Gets

Transgender men and women often find themselves stymied halfway through transition. Historically, hormone therapy and swapped out wardrobes marked the end of physical change, the goal being to look good enough to face society and hold down a job. The new frontier, however, is gaining access to bona fide gender reassignment and life in a much larger world. It doesn’t have to feel like the search for the Holy Grail…a little help, please.

Being the strong person in a marginalized community carries a heavy weight. Admirers gather because they think you’ve got it made, and they want to learn how to get there themselves. They come with a bottomless pit of need; if only they could feel like you do. They lose sight of the fact that you have the same fears they have, that you hate your body, and that you believe you were somehow marked for pain with no relief in sight. This is definitely not as good as it gets…but even your allies are pulling you down and keeping you from clarifying that vision of your future that will make it all worthwhile.

Many people crater emotionally after achieving milestones in their lives. Depression, if a recurring theme, is exhausting. The search for life and enduring love is at best sweet and sour. And success often gets redefined by the next challenge before one can fully enjoy an emerging victory. For a person going through gender transition, that trifecta is completed by an official diagnosis of gender dysphoria. Hurray…you are officially in the wrong body. Now what?

Gender reassignment remains controversial, mostly due to ignorance. Would-be supporters fear the costs, forgetting that all the data available is exaggerated by the burden of a long history of predatory pricing. Conscientious objectors often overlook that they defined deities and wrote the books on right and wrong as mere mortals who had not yet discovered the limbic system in the brain. Political fanatics decry the day that their government will force its citizens “to pay for sex changes for confused illegal aliens…” while they send their kids off to denial camps. Get a grip, guys. Someone’s life got too complicated a while ago; we can help sort it out if we get out of our own way.

The path to accessible and affordable gender reassignment is not so complex. It simply depends on…

  • Acceptance of transgender status and the appropriateness of medical and surgical intervention for gender reassignment;
  • Protocols for gender transition with combined physical and psychosocial supports;
  • Coverage in health insurance plans:
    • Establishing maximum allowable charges for procedures and other therapies,
    • Making contributions toward coverage with reasonable copayments or coinsurance, and
    • Screening providers for quality assurance and maintaining networks of caregivers for enrollees in need of transgender services; and
  • Ensuring safety nets for those unable to pay for health insurance.

Broader access to care does not have to be financially catastrophic to individuals or 3rd party sponsors of healthcare financing. Inclusion of transgender procedures in insurance contracts would quickly eliminate much of the predatory pricing that characterizes the field. In addition, while there may be significant pent-up demand for transgender services, this would be a temporary phenomenon. In fact, employers who offer transgender coverage often report lower than expected initial demand.

Finally, appropriate healthcare for a transgender person cannot depend on personal wealth or employment. These two factors are inextricably linked and, often, neither is available in the midst of gender transition. Many transgender people have a very difficult time securing employment, and initial hormone therapy and cosmetic procedures rapidly exhaust personal savings. The surgical process may interfere with the patient’s ability to sustain employment due to complex, iterative procedures and the dearth of work places that offer true safe harbors for trans employees. In the meantime, the process of personal grooming each day, negotiating safe passage from home to the workplace, and achieving acceptance by their peers remains a devastating burden. No, this cannot be as good as it gets.

Note: This is the third in the series of Special Rants under the heading of Transgender Trilogy, a very personal cause that became unavoidably compelling after the recent death of my stepdaughter whose life as a transgender woman overwhelmed her. Posts #1 The Search for Life After Gender Transition & #2 A Useless Lament

November 11, 2013 at 10:08 AM 2 comments

A Useless Lament

“How can you say I don’t love you…when I’m already crazy with grief over losing you?

When children “come out” to their parents, those parents must quickly make a choice. Will they look into their hearts and see the child they have nurtured since birth standing before them asking for validation of who they really are? Or will they become lost and overwhelmed by their own needs, focusing on their lost visions of who that child was supposed to be.  In time, I hope most would do the right thing. The problem is how to sustain that son or daughter’s life while taking his or her primary support system through its own recovery loop.

My husband loved his transgender daughter. Unconditional acceptance of her had always been implicit in his parenthood. At her memorial service at the LGBT Center in the West Village, some of her friends from the local community approached him to ask him to do “Dad training.” Later a request came to “write a letter to my mother.” We were among survivors in a world in which staying alive had barely better than 50:50 odds. Who might be next?

The cause of death was suicide, not a random accident or a rare disease that attacks the young. We were all devastated, and we sought one another out for comfort. As the stories of seemingly bizarre parental behavior were shared, Jonathan suppressed, for the moment, his urge to shout, “What’s wrong with these people? For Chrissakes, their kids are still alive!

Of course people would be persuaded to be more accepting of their children if they realized their lives depended on it, right? We wished that we had known the risk of suicide was so high. With our “if only” list still growing, we thought about educating others as a way of coping. But obvious answers often draw counter-intuitive responses.

How can you mediate a truce and eventual acceptance between a child who is coping with his or her most difficult transition in life and a parent who can only ask, “Why is this happening to ME?” Did we even want to know such parents? Every day somebody’s child was going to give himself or herself the death penalty for failure to be accepted by society. Couldn’t they at least get validation at home?

The trouble is, for at least some of the parents, even the threat of suicide seems blunted by the loss they are already grieving. The son or daughter they had born was gone, along with the prepackaged collection of predictable events and experiences that come with gender role stereotypes. And their insecurities may have them panicking that, in lieu of sympathy, their friends and associates might reject them. They are so focused in their own introspection as to become clueless. Given the perilousness of the situation, you could call it temporary insanity.

A person going through gender transition carries too heavy a load to be asked to carry their families, too. But is it right to ask people struggling in uncharted waters to keep going without the well-known lifeline of their parents? Emotionally, no…but as a practical matter, the added baggage of one’s family may need to be set aside. Hopefully, it is a timing thing. Eventually, many parents will be able to reconnect with the core identity of their child in a transfigured body. But such parents must find their own sources of support. And they must know what a risk they could be taking in looking the other way while their kid – grown up or not – is going it alone.

We have met a lot of very kind yet sharp-witted overachievers in the transgender community. They are the courageous few who have believed in themselves enough to take on the world. However, their parents can still take them down in a thoughtless phone call. Never mind the threats of disinheritance or eternal damnation. They need our support and more general public acceptance because their families are not likely to be there for them when it counts. And if they are…it still might not be enough.

For now, the sad state of the art renders expectations quite low. We were incredulous when met with a tragic expression of gratitude. “Thank you for letting us grieve with you,” a privilege previously denied by next-of-kin, perhaps from another planet. No wonder crises of confidence are so prevalent in the trans community. We must do better than this.

Note: This is the second post in the series of Special Rants under the heading of Transgender Trilogy, a very personal cause that became unavoidably compelling after the recent death of my stepdaughter whose life as a transgender woman overwhelmed her. Post #1 The Search for Life After Gender Transition & #3 This is NOT as Good as It Gets

October 16, 2013 at 9:51 AM 2 comments

Government Shutdown Over ACA…forward to the past?

Our political system has become dysfunctional over the issue of access to healthcare for the people of the United States. Protectors of capitalism claim that the Affordable Care Act will undermine business. The keepers of our democracy claim that those without the money to pay the high price of healthcare have spoken, and the nation has heeded their call. The real problem is that capitalism has failed to fund a real winner in recent memory.

Healthcare inflation has been fueling our economic growth to far too long. It has accounted for expansion of private business, growth in employment, and favorable stock performance. The industry has been a rare goose that laid golden eggs. Unfortunately, it has been one that has crowded out investment in other factors of production, consuming an ever-growing percentage of our nation’s GDP. And the result has been an over-reliance on healthcare investments that paradoxically leave too many citizens of the US unable to afford to get well. The ACA seeks a cure for the latter, but Wall Street is totally freaked about losing the former.

The false dichotomy has become one of choosing between sick people and capitalism. But the real culprit is our new generation of pseudo-capitalists running the markets. We do not have a market economy that is funded by shareholders taking long positions. After three decades of supply-side economics the result has been a net divestment of the supply function. Out-of-control healthcare costs and real estate shenanigans have been the darlings for investors. Oh yeah, and serial monogamy in pursuit of each paradigm shift in tech stocks.

Today’s growth opportunities for investors on the margin are driven by boom-bust cycles in fool’s gold. Buy stocks or other financial instruments while they’re hot, sell at the right time before they crash and burn. We’ve been here before…in the 80s, a heyday of stock market gains based on insider trading. Today’s formulas are more complicated, the code among thieves more discreet, but the watchdogs must smell smoke by now. Healthcare stocks that celebrate $78,000 cures for ovarian cancer for the rich, on the other hand, seem virtuous by comparison. At least the assets are real.

The ACA is a done deal: legislated in Congress, signed by the President, and validated by the Supreme Court. But where is the strategic vision for real economic development in the US?

October 1, 2013 at 10:17 AM Leave a comment

Whatever Happened to Shareholder Value?

Privatization strategies for government services suggest greater efficiency through good economic decision making. However, there is no valid end game for shareholders. If the enterprise can make money, then profits can be gained in the short run. However, diffusion of better practices should mean cost reductions across the industry and containment of government spending in areas such as education. The only way shareholders have long-term gains is through maintenance of runaway government spending or choosing profits over service delivery to the children.

Privatization strategies for government services are as perennial as down cycles in economics. When perplexed by a gloomy economic outlook, pseudo-capitalists turn to short-term profit-skimming strategies. And Wall Street doesn’t mind. They get transaction fees on the way up and on the way back down. Such is the case with privatization of education services, and regulation accounting only makes it easier. Real gold and fool’s gold look the same if you only keep the books to track grant money.

Every government service would benefit from accounting practices that allowed sound economic analyses and prudent choices. Not-for-profit entities often shun good business practices, and they are not required by funders. The existence of charitable motives supersedes the need for efficient management practices. Besides, changing time-honored regulatory procedures is a lot of bother. School districts summarize their spending in five giant accounts, and school accountants worry a lot about ensuring nobody pilfers the money from the vending machines. How the hundreds of billions of dollars for “general instruction” gets divided up is unimportant. Why wouldn’t a few scoundrels jump in?

The problem is…if profiteers are able to create real shareholder value, they must be generating earnings growth into perpetuity. And this is not a good idea for education or for our economy. If the profiteers are running the business of education better and turn a profit, then the rest of the industry should be able to try their techniques, if valid, and use them to trim overall government spending. The profits should go away. If the profits don’t go away, they are either arising from wasteful government spending or from choosing to give money to shareholders instead of the kids.

The US economy does not need a new way for investments in government services that crowd out investments in real economic growth. Nor do we need for profiteers to be short-changing children in a Spartan industry that thrives on short-term economic gains. Further, we do not need another Wall Street darling that rises and falls with a net negative impact to the US economy of fees taken by the traders.

What we need in education is help from private industry in the form of management insight that teaches us how to be more effective and efficient managers of carefully contained education spending. And that does not have to mean union busting or parental surcharges. It means keeping the books in a more meaningful way. It means managing people in a better way. And it means assimilation of modern opportunities into an historically rigid structure. And it has to mean that a dollar saved…means another dollar that could be added to what we do for the kids in a better way.

And Wall Street needs to get back to finding real investment strategies in our long-run economic growth and real shareholder value creation.

August 21, 2013 at 8:23 AM Leave a comment

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